New Altcoins Shiba Inu (SHIB) Quietly Preparing For Launch – Here Are The Under-the-Radar Crypto Projects Coming This Year

The hype surrounding the Shiba Inu Shibarium layer 2 blockchain has clouded another big development underway for the Dogecoin competitor – the upcoming launch of two new ecosystem tokens.

Lead developer Shytoshi Kusama says one addition entering the Shiba Inu ecosystem is a rewards-based token called Treat (TREAT).

The team decided to build Treat after the community voted to make Bone ShibaSwap (BONE) a core component of Shibarium.

“Recently, the community took a vote reserving the allocation of BONE to the production of validators and processes within Shibarium, leaving a question for the community: what will be available for the rewards of all For that, we have Treat.

Treat will not only serve this purpose, but will draw rewards from it for the Metaverse and the blockchain version of the Shiba trading card game… This is a huge step in the final landing of this massive project towards full decentralization.

The second official Shiba Inu ecosystem altcoin in the works is a stablecoin called Shi (SHI).

Kusama says the team is focused on preventing the issues that have plagued myriad stablecoins, including the epic failure of Terra Luna’s TerraUSD (UST).

“Needless to say, Shi is a concern after seeing other stablecoins crash and billions of dollars completely wiped from the market…

Regarding Shi, we saw independent development from a group of developers in our decentralized network. They submitted a version of Shi that appears to avoid the issues seen in other moonshots, while allowing Shi to be used to counter and balance payments that must be made without market fluctuations.

It will be an experimental protocol, like everything decentralized Shib does, and a more detailed and complex set of information will be released about this token as it is finalized.

Both projects are expected to launch this year, although exact dates have not been released.

The current list of official Shiba Inu ecosystem tokens are Shiba Inu (SHIB) itself, Bone ShibaSwap (BONE), which will be used to pay gas fees on the Shibarium Scalable Network, and LEASH (LEASH), a mysterious token whose official use case transforms and is shrouded in secrecy.

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